Sales shifts highlight Honda overtaking Stellantis in the US amid Stellantis' struggles and executive shakeups. VinFast delays its North Carolina EV plant but moves forward with a smaller Indonesian facility. Germany abstains from EU tariffs on Chinese EVs to avoid trade tensions, while Chinese automakers plan EU factories to sidestep tariffs. China challenges US EV subsidies at the WTO. JD Power finds EVs cheaper to own long-term in most US states. Bollinger Motors appoints a new CEO with GM and EV startup experience. China's EV price war intensifies, now impacting ICE vehicles, with significant discounts in the market. Chinese cars have dramatically improved crash safety, rivaling European standards.
Topics:honda vs stellantis salesvinfast ev plant delayseu tariffs on chinese evschina us trade disputeev ownership costsbollinger motors leadershipchina ev price warchinese car safetyautomotive industry trendselectric vehicle market
- Honda Outsells Stellantis In U.S. - VinFast To Build EV Plant in Indonesia - Germany To Sit Out China Tariff Vote - SAIC Wants Assembly Plant in EU - China Files Against U.S. IRA With WTO - EVs Cheaper to Own Than ICE - Bollinger Appoints Jim Taylor as CEO - China EV Price War Spreads to ICE Cars - China EV Aces NCAP Crash Test
"... from euro end CAP, which up to now has rated the Tesla Model Y as the safest car it's ever tested. The Chinese..."
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This is Outoline Daily, the show dedicated to enthusiasisms of the global island of industry and another sign of the troubles at Stillantis North America, Honda sold more vehicles than Stella in the first half of the year. Honda is now the
fifth largest automaker by sales in the US, after GM, Toyota, Ford, and the Hyundai Group. Most automakers saw modest growth or slight declines in
the first half of the year, but sales at Stillantis fell fifteen percent and sales of Ram pickups, the company's most profitable vehicle, were down twenty percent.
We think this helps explain why Stillantis replaced six top executives in its North American operations so far this year. No doubt, elected officials in the state
of North Carolina are scratching their heads over this one. Two days ago,
Vinfest, the Vietnamese automaker, announced it was delaying its four billion dollars assembly plant in the state, citing uncertainties in the global EV market. But this
morning, VinFast announced it's building an EV assembly plant in Indonesia, citing the strong potential for EV's in the region. The two hundred million dollar plant is
sized to make fifty thousand right hand steer cars a year. Meanwhile, the
plant in North Carolina, which is size to make one hundred and fifty thousand evs a year, was supposed to open this year, but it's now scheduled to open in twenty twenty eight. North Carolina provided vin Fast with an incentive
package worth one point two billion dollars to build the plant. Germany does not
want to upset China, which is its largest export market, so it's going to sit out a vote in the EU today to impose tariffs on Chinese made evs. German automakers are concerned that the tariffs could lead to a trade war
with China that would result in retaliatory measures. Germany says it will abstain from
voting because the EU's investigation into Chinese made evs is still ongoing and because negotiations between Europe and China are still happening. Italy and Spain say they will support
the tariffs, but today's vote is none binding and a final vote will not happen until the EU completes its investigation. Even so, many Chinese automakers are
not taking any chances. They want to build assembly plants in the EU Car
News, China reports that SAIC is in talk with Spain about opening a factory in the country, though it could also go to either Hungary or the Czech Republic. SAIC was hit with the highest tariff of thirty seven point six percent.
SAIC will produce MG models at the plant, and it's aiming to kick off production in twenty twenty seven. China isn't just pressuring Europe to drop the
tariffs. It's fighting back against the IRA subsidies in the US and has asked
the World Trade Organization to set up a panel to settle the dispute. Chinese
made evs are excluded from EV subsidies provided by the Inflation Reduction Act. China
says it has not been able to reach a solution in negotiations with the US government, so it's turning to the wto Michigan is leading the charge in mobility and innovation and I can't think of a better state to be in. Even
though evs cost more than ice vehicles on average, a new study by JD.
Power for Automotive News found that evs costs less than ice vehicles over the long term in most of the United States and US three thousand dollars less to own on average over five years than a similar ice vehicle. JD power factored
in the transaction price, federal and state subsidies, OEM charger incentives, interest rates, residual values, and tax title in licensing fees. It also includes
the cost of insurance, maintenance, charging, gasoline fueling, and charger purchase and installation. New Jersey had the highest savings, with EV buyers saving ten
thousand dollars over five years. Maine and West Virginia where the only states where
ice vehicles actually cost less to own. And we should note that the savings
are for purchasing an EV, because a three year lease for an EV costs about eighteen hundred dollars more on average than a nice. In something of a
surprising move, Ballager Motors, the EV commercial vehicle startup, appointed Jim Taylor as CEO. Taylor had extensive experience at General Motors, including running Cadillac and
Hummer, but his last job was as CEO of ELMS or Electric Last Mile Solutions, which was another commercial EV startup. Taylor had to resign from that
position over questionable stock purchases, and ELMS eventually went bankrupt. Two years ago,
Mullen Automotive bought a controlling interest in Bollinger Motors, and Robert Bollinger, who founded the company, decided it was time to step aside as CEO and bring in an experienced automotive exec which is why they hired Taylor. Robert Bullinger
remains with the company, which is expected to start making Class four electric chassis cabs later this year, which will be assembled by Rausch Industries. Early last
year, Tesla kicked off a price war in China that soon spread to every EV manufacturer in the country. That price war does not show any signs of
slowing down, and it's now spreading to ICE vehicles. SAIC Volkswagen just chopped
the price of its top selling sedan, the Lavidia XR, to only about ninety six hundred dollars, which matches the price of the electric byd sgull.
Toyota chopped the price of the camera to just under eighteen thousand dollars. Legacy
automakers are trying to protect their ice market share as evs and peebs eat into their business. Bloomberg reports that discounting on internal combustion vehicles in China hit almost
twenty percent. And I'll say that if car sales are weak this summer,
more price cuts could be on the way and some auto execs will lead the price war could go on for another two to three years. A decade ago,
the crash protection of Chinese made cars was abysmal. You could even call
them death traps. Well not anymore. China's latest crash standards, called c
n CAP, are almost the same as Europe's end CAP standards. En CAP
stands for New Car Assessment Program and an electric crossover from Series and Huawei just earned the highest safety rating under the China end CAP program. That suggests it
could earn the highest rating from euro end CAP, which up to now has rated the Tesla Model Y as the safest car it's ever tested. The Chinese
car that ace the crash test is the Ito M nine, which is available as ABEV or E REV and has priced between sixty five thousand dollars and seventy eight thousand. And that wraps up today's show. Thanks for watching. Autoline
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